For Sale $390,000 - Apartment Building, Duplex, Residential
Located across the street from the new Chroma apartments, within walking distance to the Cortex, Wash U School Of Medicine, Barnes Hospital and all of the restaurants on Manchester. Building features 4 bed 2 full bath units that underwent a complete renovation. Features include beautiful exposed brick walls on the first and second floor, updated kitchens with islands, hardwood floors with an open living room & dining room, second floor laundry. Renovation included central air with HVAC replacement, updated PVC plumbing, updated electric. There is a fenced backyard, off-street parking with 4 parking spots. Building is vacant with the projected rent for each unit at $1,600. Fully rented this building could potentially gross $3,200 a month and $38,400 annually with expenses at $4,248, with a potential annual net income of $34,152. Similar size 3 bed 2 bath unit across the street rents for $3,000 a month. Can be purchased with 4125 Chouteau.
Paying buyers agents 2.5%
$2,500 selling agent bonus if there is an accepted contract by December 31st, 2018.
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